In our “National Cryptocurrencies” section, we cover government-backed digital currencies and state initiatives related to blockchain technology. Here you will find news about central bank digital currencies (CBDCs), national crypto projects, and the role of digital money in modern economies. Read the “National Cryptocurrencies” section on ForkNews to stay informed about how countries are developing their own digital currencies.
Saudi Arabia will launch its own cryptocurrency next year, according to Al Zahrani, head of the Saudi Arabian Monetary Fund (SAMA). According to available information, this cryptocurrency is being developed jointly with another oil-rich country - the UAE.
On Thursday, cryptocurrency exchange KuCoin announced that it plans to remove 6 tokens from its trading platform, namely EncrypGen Token (DNA), Publica Token (PBL), Raiden Network Token (RDN), Monetha (MTH), Blockmason Credit Protocol (BCPT) and Gladius Token (GLA).
Will there be a break below key support levels? What is the likelihood of a correction from current levels?
Telegram, the messaging operator that has raised over a billion dollars in past investment rounds to build its own blockchain platform, has published an update on the development of TON (Telegram Open Network).
According to the New York Times, on November 20, Manhattan police arrested 21-year-old Nicholas Truglia, who hacked other people's mobile phones in order to appropriate the owners' cryptocurrency.
Not long ago, Bitcoin Cash forked, and the newly created blockchains are already facing potential problems. Shortly after the BSV blockchain (Bitcoin Cash fork from nChain) suffered a bug that split the network in two, the developers of BAB (BitcoinABC) released an update that puts the entire network at risk of a 51% attack.
Mikhail Mishustin, head of the Federal Tax Service of Russia, believes that cryptocurrency makes it possible to evade taxes, cash out funds and deceive the state.
Bitcoin was trading more than 1,000% higher in 2017, with many investors and institutional firms pouring heavily into the new digital gold. Now Bitcoin has lost more than 80% of its value, and many of the hedge funds that invested in Bitcoin are now closed, and some are going out of business.
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